Kridhan Infra Associate Firm VNC Bags Rs 133 Cr New Order in UP | CORPORATE ETHOS

Kridhan Infra Associate Firm VNC Bags Rs 133 Cr New Order in UP

By: | August 6, 2018
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Aug 6: Kridhan Infra Ltd (KIL), a Mumbai-headquartered infrastructure solutions firm, on Monday announced that its associate company Vijay Nirman Company Pvt Ltd (VNC) has been awarded a new project worth Rs 132.6 crore.

According to the company, the award has been granted for the main civil works for a Fertilizer plant in Gorakhpur, Uttar Pradesh and the timeframe for the completion of the project is approximately 14 months.

Kridhan Infra currently owns approximately 41% stake in VNC.  Kridhan Infra’s proforma order book after consolidation of VNC in India and Swee Hong in Singapore, stands at Rs 35+ billion, as on 31st March 2018, of which, VNC contributes almost 80%.